XAU/USD pair analysis forecast on the one (1)-hour time frame, the identification of this chart is based on the Smart money concept and support and resistance.
Classification of Tools:
Smart money tools; change of character (CHOCH), Break of structure (BOS), CISD, Support area, and Resistance area.
Overview:
Support area push the market to get reversal and did’t fall more (3215.00).
Resistance area is the high potential top, highly strong for buyers to break it easily.
Summary:
The “GOLD” is on aggressive buy position, we didn’t expect any long trade for sell, now the expectation is on buy side to reach (3500.00).
Trade positions;
Bullish entry expected on the two layers 3380.00 is first and second is 3330.
Target positions;
Our first target position is 3450.00 and final is 3500.00.
Stop loss for secure capital 3325.00, use it properly.
Have a beautiful chart on my thought. What is on your mind, write in comment below.
Classification of Tools:
Smart money tools; change of character (CHOCH), Break of structure (BOS), CISD, Support area, and Resistance area.
Overview:
Support area push the market to get reversal and did’t fall more (3215.00).
Resistance area is the high potential top, highly strong for buyers to break it easily.
Summary:
The “GOLD” is on aggressive buy position, we didn’t expect any long trade for sell, now the expectation is on buy side to reach (3500.00).
Trade positions;
Bullish entry expected on the two layers 3380.00 is first and second is 3330.
Target positions;
Our first target position is 3450.00 and final is 3500.00.
Stop loss for secure capital 3325.00, use it properly.
Have a beautiful chart on my thought. What is on your mind, write in comment below.
Trade active
Use proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.